"We have just lowered our lending rates by 50 basis points. For housing loans, our lending rate ranges between 8.15 percent and 11 percent," BTN President Director Iqbal Latanro said here on Friday.
Only lending rate on subsidized housing loans remained unchanged, he said.
He said there was still a room for the bank to cut its lending rates further. "There is time leg for interest rates to decline. Next year lending rates are likely to drop. If the overhead cost declines the lending rates will drop accordingly."
He said the amount of credits channeled by the bank in the nine months through September grew 20.24 percent to Rp59.31 trillion from Rp49.32 trillion in the same period last year. (*)
Editor: Kunto Wibisono
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